COLI Advisors are Retiring Faster than They Can Be Replaced
January 28, 2025 by Jessica Dowdy
Over the last year, more Americans turned 65-years-old than at any other point in history, with roughly 12,000 people a day reaching retirement age — including financial advisors.
According to a report from Cerulli Associates, 38% of advisors plan to retire within the next 10 years.
What’s more, the “rookie failure rate” is nearly double that at 72% — meaning advisors are retiring faster than they can be replaced.
Originally Posted at Think Advisor on January 16, 2025 by Jessica Dowdy.
Categories: Industry Articles